Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1996%/8h= +218.6% APRpaid last 24h −0.722%

Price spread now: MEXC against Coinbase International−0.347%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−4.493%−$449 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. MEXC is 0.347% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.347% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 14 hours of funding at the current rate (+$60 a day). Mind the row above: over the last 7 days funding on this pair cost −4.493%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AERO-PERP-INTX	0.6908	−0.1896	get 0.0237% / 1h	16m 33s	$89K	$37K	25x
Short	MEXC AERO_USDT	0.6884	0.0100	get 0.0050% / 4h	1h 16m	$8.4M	$1.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee MEXCbpOrdersPrice spread, now −0.347%Rate

Funding earned: $419.16
Price spread: −0.347% → 0.000%: −$34.74
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: $366.42
Costs to cover: 0.180%
Break-even: 0.9 days

Slippage unknown: Coinbase International: no order-book sample; MEXC: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	1.45 bp	13.3 bp −$13	33.3 bp −$333	131.5 bp −$13.1K	doesn't fit

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AERO on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AERO-PERP-INTXlong	−0.1896%	1h	0.6908	long leg	$89K	$37K	25x
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−0.087%	$4	$209K	5.5x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0040%	1h	0.6894	−0.203%	$55K	$11K	10x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.6896	−0.180%	$42K	$128K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.6889	−0.272%	$25.9M	$25.4M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.6888	−0.290%	$22.5M	$18.2M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.6891	−0.246%	$2.3M	$5.9M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.6889	−0.275%	$1.6M	$477K	75x	as long as short
MEXC AERO_USDTshort	+0.0100%	4h	0.6884	−0.347%	$8.4M	$1.4M	100x
KuCoin AEROUSDTM	+0.0100%	4h	0.6898	−0.145%	$2.0M	$1.1M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AEROUSDT	+0.0100%	4h	0.6888	−0.290%	$4.0M	$1.9M	75x	as long as short
BingX AERO-USDT	+0.0100%	4h	0.6889	−0.275%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.6885	−0.329%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.6885	−0.340%	$203K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.6895	−0.195%	$46K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.6895	−0.189%	$19K	$4K	15x	as long as short
Hyperliquid AERO	+0.0230%	1h	0.6895	−0.187%	$22.7M	$5.3M	3x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.6897	−0.159%	$935K	$583K	25x	as long as short
01 Exchange AEROUSD	+0.0408%	1h	0.6899	−0.129%	$187	$101	3x	as long as short
RISEx AERO/USDC	+0.0491%	1h	0.6886	−0.320%	$201K	$527K	3x	as long as short
GMX AERO/USD [ETH-USDC]	L +0.0507% / S −0.0246%	1h	0.6891	−0.247%	$88K	—	100x	as long as short
Backpack AERO_USDC_PERP	+0.0694%	1h	0.6900	−0.119%	$94K	$260K	15x	as long as short
Lighter AERO	+0.0840%	1h	0.6900	−0.116%	$1.3M	$499K	3x	as long as short